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that it is much worse now some analysts say this points to a structural unemployment problem with a big chunk of the population that is permanently out of the workforce and joining me now for more from our new york studio is less leopold is economist and author of this book the looting of america how wall street's game of fantasy finance destroyed our jobs pensions and prosperity and what we can do about it he's going to help us try to assess this situation unless i'm curious first of all if you think obama's excuses that this is a rocky road to recovery hold weight or if this is yet another sign these jobs numbers of structural unemployment in the u.s. that millions of jobs are just gone and not coming back. actually both explanations i think aren't accurate it's not a structural obama's excuses don't mean anything and it's not a structural problem what it is is that we had a gigantic implosion for the last three years due to the wall street gambling casino crash and those jobs have not been recreated because people don't have enough money in their pockets. instead of trying to put mor
that it is much worse now some analysts say this points to a structural unemployment problem with a big chunk of the population that is permanently out of the workforce and joining me now for more from our new york studio is less leopold is economist and author of this book the looting of america how wall street's game of fantasy finance destroyed our jobs pensions and prosperity and what we can do about it he's going to help us try to assess this situation unless i'm curious first of all if...
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ones it is much worse and some analysts say this points to a structural unemployment problem with a big chunk of the population that are permanently out of the workforce earlier i spoke with less leopold he's an economist he's also author of this book the looting of america how wall street's game of fantasy finance destroyed our jobs pensions and prosperity and what we can do about it i asked him what he thinks of obama's rocky road to recovery excuse is this valid or are these jobs reports just another sign that jobs are gone and they're not coming back here's his take. actually both explanations i think aren't accurate it's not a structural obama's excuses don't mean anything and it's not a structural problem what it is is that we had a gigantic implosion for the last three years to the wall street gambling casino crash and those jobs have not been recreated because people don't have enough money in their pockets. instead of trying to put more money in people's pockets especially by putting windfall profits tax is on page funds and. street banks and profitable companies like that the
ones it is much worse and some analysts say this points to a structural unemployment problem with a big chunk of the population that are permanently out of the workforce earlier i spoke with less leopold he's an economist he's also author of this book the looting of america how wall street's game of fantasy finance destroyed our jobs pensions and prosperity and what we can do about it i asked him what he thinks of obama's rocky road to recovery excuse is this valid or are these jobs reports...
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. >>> big pickup trucks respect selling. there's concern that could lead to price wars and lower profits. the biggest backlog is gm full size pickup trucks and gmc sierra. >> that is not a problem for the toyota prius. the automaker expects this year's sales to beat last year's despite the natural disasters that cut production. the increase of the prius sales was fueled by high gas prices. >>> back to school sales are starting early. sorry, kids. one reason is that stores are nervous about consumer spending despite yeststday's good retail spending numbers. last year consumers spent more than $55 million on back-to-school shopping. >> the brand-new pencil keeper. >>> the shocking report on obesititrates across the country. here we go again, all the abdomen shots. why this is an alarming epidemic. >>> while being embroiled in a scandal rupert murdoch's world is crumbling around him. yeah, dirt? do you think the two of us will ever find the one? well, we've been left behind by so many mops and brooms... aw, man! ...but we have
. >>> big pickup trucks respect selling. there's concern that could lead to price wars and lower profits. the biggest backlog is gm full size pickup trucks and gmc sierra. >> that is not a problem for the toyota prius. the automaker expects this year's sales to beat last year's despite the natural disasters that cut production. the increase of the prius sales was fueled by high gas prices. >>> back to school sales are starting early. sorry, kids. one reason is that...
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it was a really big deal for her and it's a big deal for them. >> max, thanks. they will be headed to los angeles now and we will follow the rest of that trip. >>> a day after a bombshell that the british paper was going to fold, news of the world former editor arrested in connection with the huge hacking scandal. more on the fallout next. [oinking] [hissing] [ding] announcer: cook foods to the right temperature using a food thermometer. 3,000 americans will die from food poisoning this year. check your steps at foodsafety.gov. >>> london police have arrested the former editor of "news of the world" the british tabloid accused of breaking into people's voice mail accounts and bribing cops for scoops. the former editor is also the former communications chief for prime minister david cameron. he had a news conference this morning and cameron promised full investigations into all of this, and then tore into the tabloid over one hack in particular. >> i cannot think what was going through the minds of the people who did this. though they can hack into anyone's phone
it was a really big deal for her and it's a big deal for them. >> max, thanks. they will be headed to los angeles now and we will follow the rest of that trip. >>> a day after a bombshell that the british paper was going to fold, news of the world former editor arrested in connection with the huge hacking scandal. more on the fallout next. [oinking] [hissing] [ding] announcer: cook foods to the right temperature using a food thermometer. 3,000 americans will die from food...
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is used to celebrities but not this big? >> no. and celebrities are getting excited and lining up to meet prince william and catherine. there are seven bedrooms here one for the british consul general and now for prince william and catherine that will make her first visit to california today. we've seen them in canada. they will be greeted at the airport by the governor. they will meet with entrepreneurs in beverly hills and then a reception here. tomorrow they helicopter to santa barbara for a charity polo match where prince william will be playing and catherine will present the trophy to the winner. tickets if you are interested $4,000. on saturday night a star-studded event as kristen mentioned by the british version of academy and barbra streisand and nicole kidman. on sunday, events for homeless kids and veterans looking for jobs. so the trip focused on business and charity. not a chance to enjoy the beach. few chances to go to the hollywood tourist spots. we won't get a lot of chances for people to see them up close and perso
is used to celebrities but not this big? >> no. and celebrities are getting excited and lining up to meet prince william and catherine. there are seven bedrooms here one for the british consul general and now for prince william and catherine that will make her first visit to california today. we've seen them in canada. they will be greeted at the airport by the governor. they will meet with entrepreneurs in beverly hills and then a reception here. tomorrow they helicopter to santa barbara...
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big day today over in london. we'll be right back. let me tell you about a very important phone call i made. when i got my medicare card, i realized i needed an aarp... medicare supplement nsurance card, too. medicare is one of the great things about turning 65, but it doesn't cover everything. in fact, it only pays up to " 80% of your part b expenses. if you're already on or eligible for medicare, call now to find out how an aarp... insured by unitedhealthcare insurance company, not paid by medicare part b. that can save you from paying .up to thousands of dollars... out of your own pocket. these are the only medicare supplement insurance plans... exclusively endorsed by aarp. when you call now, you'll get this free information kit... withthll you need to enroll. put their trust in aarp p medicare supplement insuranc. plus you'll get this free guide to understanding medicare. the prices are competitive. i can keep my own doctor. and i don't need a referral o see a specialist. call now to get a free information kit. plus you'll get th
big day today over in london. we'll be right back. let me tell you about a very important phone call i made. when i got my medicare card, i realized i needed an aarp... medicare supplement nsurance card, too. medicare is one of the great things about turning 65, but it doesn't cover everything. in fact, it only pays up to " 80% of your part b expenses. if you're already on or eligible for medicare, call now to find out how an aarp... insured by unitedhealthcare insurance company, not paid...
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big sur 80. let's head up to the sierra, quiet weekend, 80 today and mid-80s in tahoe. 90 in yosemite and then mid-80s down around yosemite. down in southern california, kind of quiet, low to mid-80s in l.a. and low to mid-70s in san diego. >> nasa's father-in-law launch is expected to take off in two hours at 8:26 a.m. these are live pictures from cape canaveral in florida. you can see the four astronauts are suited up inside the shuttle. one of them is from san carlos, and last astronaut ever to board a space shuttle. nasa said no technical issues for atlantis but weather is being assessed right now. >> all eyes are on the weather this morning as we watch and wait to see if nasa's final mission is a go. thursday the kennedy space center saw heavy downpours and lightning struck a third a mile away from the launch pad. the mission and final launch marks the end of an era. >> a lot of folks will be looking upon this flight as no other. we're very honored to be a part of it. >> it all began back in
big sur 80. let's head up to the sierra, quiet weekend, 80 today and mid-80s in tahoe. 90 in yosemite and then mid-80s down around yosemite. down in southern california, kind of quiet, low to mid-80s in l.a. and low to mid-70s in san diego. >> nasa's father-in-law launch is expected to take off in two hours at 8:26 a.m. these are live pictures from cape canaveral in florida. you can see the four astronauts are suited up inside the shuttle. one of them is from san carlos, and last...
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there is a big difference on the use between 80 and 72 and 65. they all involve human beings, and where i come from, people care about that. the 65% credit individuals is to dozen dollars out of pocket. that does not work in west virginia. when it was 80% after the recovery act, 33%, as i indicated in my questions, could not afford it. so we settled on 72%, and i would sure rather have a 72% than 65%. but i understand that the chairman has worked hard on this and i want to make that clear. so i will not push my amendment for a vote. i do want to make that point, this is not just about some ideological factor. this is about human beings. one of the differences, i guess, is that some care more about that than others. i will not push my amendment for a vote but i did want to make that point. >> that you, senator. >did you wish to offer an amendment? >> yes, sir, it is number 64. it requires the department of agriculture -- >> i am sorry, i wanted to speak on this amendment. if i could ask my colleague to withhold for a second. >> thank you, i wanted
there is a big difference on the use between 80 and 72 and 65. they all involve human beings, and where i come from, people care about that. the 65% credit individuals is to dozen dollars out of pocket. that does not work in west virginia. when it was 80% after the recovery act, 33%, as i indicated in my questions, could not afford it. so we settled on 72%, and i would sure rather have a 72% than 65%. but i understand that the chairman has worked hard on this and i want to make that clear. so i...
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i -- i had a moment -- it was summer, had a big summer, the summer going into tenth grade was a big summer for me. >> jimmy: oh, yeah? >> yeah. >> jimmy: for everyone in your neighborhood, i would assume. [ laughter ] >> yeah. but yeah. >> jimmy: especially the boner boy that lived down the block. [ applause ] >> oh, boy. >> jimmy: when he wasn't palling around with kurt cameron. he was standing outside the door. i'm sorry.y. what happened in the summer? >> what happened was, i was going, in my -- i grew up here and tenth grade started, that was starting you in high school, you know what i mean? sometimes it's ninth grade. >> jimmy: for us it was ninth grade. >> yeah, see? >> jimmy: you're right. >> so i was going into tenth grade, my first day of back to school, i had the summer behind me and i remember my girlfriend running up to me, because i was kind of a nerd in junior high. i, like, shaved my head and i was just, like, no cute. >> jimmy: what? >> yeah. >> jimmy: that's beyond nerd. [ laughter ] >> it was for a good reason. >> jimmy: were you in prison and you needed to stick with a g
i -- i had a moment -- it was summer, had a big summer, the summer going into tenth grade was a big summer for me. >> jimmy: oh, yeah? >> yeah. >> jimmy: for everyone in your neighborhood, i would assume. [ laughter ] >> yeah. but yeah. >> jimmy: especially the boner boy that lived down the block. [ applause ] >> oh, boy. >> jimmy: when he wasn't palling around with kurt cameron. he was standing outside the door. i'm sorry.y. what happened in the...
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is more used to big hollywood stars than anywhere else. but these are stars of such a different nature. this is a real-life and prince and princess. >> reporter: the neighborhood around the british consulate where the couple will stay will be sealed off. homeowners here signed agreements that they wouldn't allow paparazzi on their property to try to sneak some photos. one neighbor put up a screen. >> nobody will be trying anything out of the ordinary. there will be no hiding in bushes. there's going to be no climbing of trees. there's going to be no paying off a neighbor to try out their windows. >> reporter: while in tinseltown they will hobnob with some of the biggest names in hollywood, including j. lo, tom hanks, josh brolin and more. >> they're royalty in the u.k. they're coming over here. and sort of like royalty to us, as well. we look at them as our a-list stars, even greater than that. we don't have our own royalty here. who can you think of as royal in the u.s.? paris hilton? >> reporter: the most anticipated british invasion in
is more used to big hollywood stars than anywhere else. but these are stars of such a different nature. this is a real-life and prince and princess. >> reporter: the neighborhood around the british consulate where the couple will stay will be sealed off. homeowners here signed agreements that they wouldn't allow paparazzi on their property to try to sneak some photos. one neighbor put up a screen. >> nobody will be trying anything out of the ordinary. there will be no hiding in...
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so that was a big, that was a big loss. my own personal loss, i was very involved in space transportation policy making at the time, and we were passionate about the x33 program, single stage to orbit. and i learned a very important lesson which is policy never trumps physics. [laughter] so you can say whatever you want, but if you can't do it, it won't happen. and we wanted to will single stage to orbit, into existence. and we had a beautiful, lockheed came up with a beautiful concept, and it looked like the future. and we just didn't have the technology. we did not have the technology. and, ultimately, we did not have the will either. i think that i wouldn't say that national security space was a loss under our, under the administration. i think a lot of great programs were developed that we can't, i can't really take credit for any of that is what i'm saying. there were a lot of good people working, and we weren't really deeply involved in that. so i think with that i'll wrap it up. but, again, i think this is a fascinat
so that was a big, that was a big loss. my own personal loss, i was very involved in space transportation policy making at the time, and we were passionate about the x33 program, single stage to orbit. and i learned a very important lesson which is policy never trumps physics. [laughter] so you can say whatever you want, but if you can't do it, it won't happen. and we wanted to will single stage to orbit, into existence. and we had a beautiful, lockheed came up with a beautiful concept, and it...
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why big money always have to throw the burden on the backs of the poor. and i know people who will end up out on the streets if they go through with any major cuts in these programs. there is a lot of waste in these programs that could be taken care of. the hierarchies and government -- in government, that just will not let go. it seems like a couple of years ago there was a debate that drag on for months -- that was about health care. now we have another debate is dragging on for months, and now it is the deficit. it is like we are all being deceived. i don't go for conspiracy theories, but it is like our attention has been dragged away from something else that is really going on. host: arthur from corpus christi, texas. next is jackie who is a democrat from indianapolis. caller: good morning para you know -- good morning. you know, i have been watching politics ever since obama was an office and it appears to me, it does not matter what he does, he can't do anything right. as it relates to all of this talk about social security and being labeled as an e
why big money always have to throw the burden on the backs of the poor. and i know people who will end up out on the streets if they go through with any major cuts in these programs. there is a lot of waste in these programs that could be taken care of. the hierarchies and government -- in government, that just will not let go. it seems like a couple of years ago there was a debate that drag on for months -- that was about health care. now we have another debate is dragging on for months, and...
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he does that by getting a big deal. and he needs to cut entitlements, medicare and social security to get there. the democratic senators and house members especially on the left have been saying nancy pelosi said the other day, there are three big issues for 2012 as far as we're concerned. medicare, medicare, and medicare. and here the president is talking about we're -- >> i point out that job numbers come out tomorrow, anderson. they're not going to look good for the white house or congress. so pushing for something big on all fronts helps everybody look like they're trying. if it fails they can at least say -- the white house can at least say, hey, we tried. we're trying to do something for the economy. what did they do. >> all right. we'll look for that meeting tomorrow. jessica, thanks very much. david gergen as well. still ahead, breaking news in the casey anthony case we're following. plus countdown to history. the final space shuttle mission could be just hours away. we've had terrible weather all day today. we'
he does that by getting a big deal. and he needs to cut entitlements, medicare and social security to get there. the democratic senators and house members especially on the left have been saying nancy pelosi said the other day, there are three big issues for 2012 as far as we're concerned. medicare, medicare, and medicare. and here the president is talking about we're -- >> i point out that job numbers come out tomorrow, anderson. they're not going to look good for the white house or...
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that's a big deal. tell me about the controversy about the tweet. >> apparently, astronaut massmyno said he wasn't able to tweet live from space, he had to e-mail it back from the ground and they would send it out via the twitter. there was another astronaut that figured out the link. >> it's become an important part of things. what are you doing now? what's the activity? you're in that tent, i guess they've got some refreshments for you? >> yeah. we'll be there in all day today. a couple more astronauts i think, commander bob crippen is scheduled to talk to us later on today. we're just watching the countdown clock like everybody else. >> bob is going to be with us here. we'll be chatting with him. great to see you guys. congratulations. >> thank you. >> and give a big shout out to all your folks back there who i know are going to be enthusiastic. i suspect when this thing launches we're going to hear that and great cheers from your tent over there. thanks so much. >>> and we are just hearing now that
that's a big deal. tell me about the controversy about the tweet. >> apparently, astronaut massmyno said he wasn't able to tweet live from space, he had to e-mail it back from the ground and they would send it out via the twitter. there was another astronaut that figured out the link. >> it's become an important part of things. what are you doing now? what's the activity? you're in that tent, i guess they've got some refreshments for you? >> yeah. we'll be there in all day...